1 Aug 2014 10:28
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Don't have an account? Click here to register.Full year pre-tax profit down 11.9 per cent at Rexam
Wed, 20th Feb 2013 07:16
Pre-tax profit fell 11.9 per cent in the full year to December 31st at FTSE 100-listed consumer packaging company Rexam.A difficult year in the healthcare products packaging section weighed on the results, with healthcare operating profit down 26.3% to £48m.By contrast, beverage can volumes rose 6% and organic operating profit increased 5% to £456m.Overall, sales increased 2% to £4,312m. Underlying profit before tax rose 1% to £418m and underlying earnings per share jumped 5% to 35.5.The dividend per share rose 6% to 15.2p.Graham Chipchase, Chief Executive Officer of Rexam, commented on the results, saying: "In 2012, we made further encouraging progress. Beverage cans traded well driven by the global growth in specialty cans and a strong recovery in our market share in the US. "We saw good growth in all our regions with volumes up 6% and organic operating profit increasing by 5%. We are continuing to invest in new lines and capacity to support our future growth. However, as previously highlighted, healthcare had a difficult year largely due to one of our customer's products coming off patent."MF
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1 Aug 2014 09:15
London open: Miners, RBS drag UK stocks lower ahead of US data
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Read more1 Aug 2014 07:46
London pre-open: FTSE to track losses seen Stateside
London's blue chips are expected to extend yesterday's losses early on in Friday's session following a large sell-off in the States on Thursday evening. City sources predict the FTSE 100 will open around 12 points lower than yesterday's close of 6,730.11. US stocks slid after a worse-than-expecte
Read more1 Aug 2014 07:44
Rexam hit by FX and high metal prices in first half
Beverage can maker Rexam said it was on track after an in-line first half despite foreign exchange (FX) and high aluminium prices impacting results. Even though beverage can volumes improved by 4%, the company delivered sales of £1,881m in the six months to 30 June, down 5% on a reported basis over
Read more1 Aug 2014 06:34
1 Aug 2014 06:26
Aluminium costs dent can maker Rexam's half-year profit
Aug 1 (Reuters) - Rexam Plc, the world's No. 2 drinks can maker by revenue, posted a 2 percent decline in underlying pretax profit for the first half of the year, hit by high aluminium premiums in Europe and a strong pound. Underlying pretax profit fell to 166 million pounds ($280 million)
Read more1 Aug 2014 05:21
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